QuarkChain Monthly Project Report: August 2021

QuarkChain
Sep 3 · 3 min read

Dear Community Members,

Welcome to the 68th QuarkChain Monthly Report (August 2021). We will post monthly reports including development progress, monthly news, and events at the end of each month. In the future, QuarkChain strives to do better. Let’s review what happened in the past month!

1) Development Progress

1.1 Updates

  • The vulnerability and bug reward program is ongoing, and 3 low-risk bugs proposed by the community have been found and fixed.

2) Recent news

2.1 QuarkChain bug reward program update, participate in EIP155 bug bounty to earn QKC rewards

Recently, the EIP 155 proposal has been deployed on the QuarkChain testnet and will be updated to the mainnet soon. In order to further improve network security and ensure the safety of users’ property, we have decided to hold an EIP155 vulnerability bounty activity, and provide up to 100,000 QKC rewards for vulnerability feedback, BUG discoverers and inviters.

For details, please see (LINK):
QuarkChain bug reward program update, participate in EIP155 test, win a lot of QKC rewards
Tutorial: How to use metamask to link devnet for EIP155 test

2.2 QuarkChain founder and CEO Dr. Qi published an article:

Centralized Liquidity of Multiple Pooled Assets

Dr. Qi published an article on the economic model of the well-known DeFi project Uniswap, analyzed the economic model of the V3 version of Uniswap, and put forward some new ideas: In V3, due to insufficient liquidity of the trading pair, exchange may be possible Will be routed to multiple trading pairs. For example, the exchange TUSD -> BUSD may be routed to TUSD -> USDT -> BUSD, which means that the trader will pay more fees and increase the slippage.

So the core question is, what should the curve of multi-asset liquidity concentration look like?

For details, please see:

https://medium.com/@qizhou_63115/concentrated-liquidity-for-multiple-pooled-assets-1a0147d6f76

2.3 QuarkChain joins BLOCKSTER

QuarkChain recently joined @BlocksterCom, Blockster is a social network, and user-generated content mainly revolves around crypto and blockchain.

QuarkChain’s page on Blockster: https://blockster.com/QuarkChain

2.4 Via News reports QuarkChain market performance

SwapSpace is an instant #cryptocurrency exchange aggregator. Now users can exchange QKC on SwapSpace.

3) Events

3.1 QuarkChain will participate in the South Korean UDC conference again in September this year

QuarkChain will participate in South Korea’s UDC in September this year, and the summit will be held by Dunamoo, the company famous for its leading cryptocurrency trading platform Upbit. This year will be the fourth year. Different from previous exhibitions, this year QuarkChain’s CEO & Founder Qi will be one of the featured speakers. The other speakers are from core executives of The Sandbox, Tezos, Nem, Solana, and other projects.

Thanks for reading this report. QuarkChain always appreciates your support and company.

About QuarkChain

Website: https://www.quarkchain.io
Telegram: https://t.me/quarkchainio
Twitter: https://twitter.com/Quark_Chain
Medium: https://medium.com/quarkchain-official
Reddit: https://www.reddit.com/r/quarkchainio/
Developer Community: https://community.quarkchain.io/

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